On December 13, 2022, nesto, a leading online mortgage lender in Canada, has successfully closed an oversubscribed $80 million Series C financing round. The investment was spearheaded by IGM Financial, Inc. and saw participation from Diagram Ventures, Portage, NAventures, the corporate venture capital arm of the National Bank of Canada, BMO Capital Partners, and individual investors Michael Rowell and Michael Paulus. The new funds will be utilized to enhance nesto's proprietary technology, broaden its marketing outreach across Canada, and introduce the "nesto Mortgage Cloud." This platform will be offered to financial institutions to assist in their digital transformation journeys, aiming to modernize their mortgage operations by integrating top-tier technology for a seamless customer experience. Through this initiative, nesto aims to diversify its clientele and revenue sources, fortifying its status as a digital mortgage lending pioneer. James O’Sullivan, the CEO of IGM Financial, expressed his organization's enthusiasm in strengthening ties with nesto, emphasizing their shared commitment to digital advancement and broadening Canadians' access to homeownership. nesto's CEO and Co-Founder, Malik Yacoubi, underscored the significance of the investment, highlighting its validation of the dedication and effort put forth by nesto's team over the past four years. He stressed the pivotal role of this financing in further refining their technology and serving more Canadians in collaboration with key financial institutions.